medium10 pts · first answer countsgst

Taxing a composite supply

A supplier sells machinery and, as part of the same deal, transports and insures it to the buyer’s site. The services are naturally bundled with the goods. How is GST charged?

A.As a composite supply, at the rate applicable to the principal supply, the machineryB.Each element at its own separate rateC.At the highest rate among all elementsD.No GST on transport and insurance, only on the machinery value

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Taxing a composite supply

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